Categories: Asia NewsBusiness

Olympus chairman and six executives charged by Tokyo prosecutors

Olympus ex-chairman Tsuyoshi Kikukawa and six of its executives have been charged by Tokyo prosecutors in connection with a $1.7 billion accounting cover-up

Olympus ex-chairman Tsuyoshi Kikukawa and six of its executives have been charged by Tokyo prosecutors in connection with a $1.7 billion accounting cover-up.

Tsuyoshi Kikukawa, executive vice-president Hisashi Mori and former auditor Hideo Yamada are among those charged with falsifying securities reports, according to Reuters and Bloomberg news agencies.

Olympus ex-chairman Tsuyoshi Kikukawa and six of its executives have been charged by Tokyo prosecutors in connection with a $1.7 billion accounting cover-up

The three were arrested last month.

Olympus case has become one of Japan’s biggest corporate scandals.

Clyde K. Valle

Clyde is a business graduate interested in writing about latest news in politics and business. He enjoys writing and is about to publish his first book. He’s a pet lover and likes to spend time with family. When the time allows he likes to go fishing waiting for the muse to come.